Author Topic: Government Day-to-Day  (Read 53519 times)

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Offline Queefer Sutherland

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Re: Government Day-to-Day
« Reply #225 on: February 13, 2020, 02:35:13 pm »
2% GST = $14 Billion to federal revenues. 

Thanks Harper.

Add 3% and the deficit is gone. 

Trudeau won’t do this though as it is more politically expedient not to raise taxes. 

But suddenly all the “fiscal conservatives” would cheer a balanced budget?   Heck no...   I bet they’d be on this forum ranting and raving about the tax burden, rather than their current deficit rants.

Harper was wrong to cut the GST%.  If he wanted to be fiscally conservative then cut spending and use that 2% to pay down the surplus at an even higher rate than Chretien did.

That said, Trudeau can't blame anyone for his own balance books, he can spend in any way he chooses and can tax in any way he chooses, he could have reversed that 2% GST cut as quickly as Harper got rid of it, he had a majority.
 
Actually if I had to choose i'd increase income taxes rather than increasing GST by 2% again.  GST & consumption taxes hurts the poor and rich alike.  But the burden on the middle and/or rich classes & exclude the poor.  I guess Trudeau and Morneau don't want to pay more taxes either.
"Nipples is one of the great minds of our time!" - Bubbermiley
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